***DEVELOPMENT POTENTIAL*** This expansive lot just blocks from the ocean and lagoon offers a tremendous amount of unrealized potential. The more than 10,000 sq.ft. gently sloping lot features privacy hedges from Lagoon road and unimpeded sunlight and southern exposure - a gardeners dream as evidenced by the multiple garden beds adorning the yard! Peak-a-boo views of the ocean from the large back deck of the home hint at the vistas a second story would provide. With ample space and new regulations recently announced about secondary suites, this property is ideal for either adding additional housing to the current configuration or building a new single or multi-family home. Access to this corner lot from 2 roads expands those possibilities. The cozy home currently on the property has been lovingly cared for by the same tenants for more than 2 decades who are currently on a month-to-month lease. Take advantage of the new rules and collect rent while you design your future dream home!